Add 100 more chickens to my poultry business

Namute Kamata

Choma, Zambia

100% repaid

Entrepreneur

Name

Namute Kamata

Member since

June 2016

On-time repayments

72 installments  •  50%

About Me

my name is namute maya kamata.im 35 years old.i live in choma.i was born in a family of four.two boys and two girls.My father was named paul and my mother maragret.we didnt have much growing up but we were such a happy family.my father was a very hard working man.he was a business man.he passed away in 2011 in october at 63 years old.my mother is also a very hard working woman.through buiness,my parents managed to send us to school.when i finished college in 2004,i started a small business of selling ladies pants and some small items like toothpaste,lotions and soap.these items helped me raise money to support my younger sister in college.i have a daugter.she is 10 years old.i was pursuing my degree in social work and i graduated last year in november! im very excited.my chicken business helped me to get my degree.

My Business

my kind of business is poultry,i keep broiler chickens.the chicken have high demand in our area because there are alot of restaurants,lodges and schools.the chickens are sold at ZMW50 each. i normally order a day old chick at ZMW6.50. the profits i make from the business are used to pay for my daugters school fees,my school fees,upkeep and bills.so far the previous loan i got from zidisha has really helped me alot.i even graduated from university with a bachelors degree of social work.i would like to expand my business hence this application.i want to extend my chicken house to accomodate more chickens because the demand is high,and i know that the more chickens i sell i sell,the more profit i make.

Loan Proposal

when i get the loan i will use the money to expand my business.At the moment i stock 100 chicken s and i want to expand to 200.the demand for chickens is very high in our area.i will also use the money to buy chicken feed and vaccines.the chickens costZMW 6.50 each which is 65 cents each.so 100 chicks will cost $65.the feed cost ZMW 250 per back which is $ 25.for 100 chicks i will use 7 bags of feed which will cost$175.vaccines will cost ZMW80 which is $8.my profit will increase by 100% because i sell a chicken at ZMW45,so for 200 chickens i will raise ZMW9000 which is $900.This loan will benefit me in the sense that i will be able to expand my business and be able to provide for my daughter ,my mum and myself.

Feedback

None

None

None

Loan Info

Project Type

Classic Loan

Disbursed amount

$200.03

Date disbursed

Jun 22, 2016

Repayment status

On Time

Projected term

9 months

Cost to entrepreneur

Service fee: $6.33

Namute opted to pay $0.30 into the Zidisha Members Loan Fund in return for a higher starting credit limit.

Other loans

Lenders

joerg

Berlin, Germany

W

Walter

Victoria BC, Canada

T

tommmart

Seattle, WA, United States

P

Prysdahl

Marshall, United States

H

Habroukema

Austin, United States

M

MarianneM

Munich, Germany

C

ColoradoSkier

Denver, United States

Dean Cress

United States

NB

Neil Barnes

Molalla, United States

DM

Dimitri Malarme

Brussels, Belgium, Belgium

chessplayer

Berlin, Germany

JS

Jason Strauss

United States

Thomas Naimoli

United States

PW

Patrick White

Albuquerque, NM, United States

J

Jakub

Czech Republic

Ask Namute a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

Loading...

Loading...

Loading...